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Technology Stocks : Cymer (CYMI)

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To: acidman who wrote (18479)7/15/1998 3:39:00 PM
From: George McMeen   of 25960
 
>>the largest buy was at or below 5,000...I guess the funds must be loading up

acidman, I like your logic - the mutual funds represent the big trades, all big trades are down - therefore funds are getting out

another perspective is that the funds are very coy - they make a business of buying & selling etc ... that they buy their allotments picking off 1,000 and 2,000 buys - to minimize their cost.

And that it is only people like my father - sitting in front of CNBC calling T.Rowe Price placing market orders through touch-tone phone for 10,000 shares etc ... that represent the big sell orders.

If this is the case, then your logic would be the other way around ...

anyway. . . fwiw

Cheers. George
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